Portuguese water dog values are based on the dog’s bloodlines and whether its parents are Champions (high-quality bloodline), among other factors.

Um, so what’s wrong with Bo?

Nothing, as far as we can tell. Bo Obama was a ‘return dog’ – a dog that was previously owned and returned to the breeder. Since he wasn’t purchased as a pup and was previously owned, as used car dealers like to say, his price tag was probably reduced.